This might be one to check out. Just came down 90% for no reason. Looked everywhere for info, nothing wrong except low volume. Maybe a desperate seller?
52 week high is $2000/share on 4/7/09 52 Week low WAS .25/share, but we're .10/share right now.
21.7 million OS, 17 in the float. Market cap was $22.6 million yesterday before this drop. Now it's at about $2 mil.
Posted by Charbel on :
is it being shorted?
Posted by Smash on :
I have no idea. Someone made a killing if they were shorting it though. But it wouldn't be the cause this drop. Even if someone is shorting a stock, they can't control what the sellers do. I can't find any info. The company's phone number works, and the website looks nice. I think it was just a desperate seller, based on what I can see.
Posted by Dagny on :
Hey Smash, where ya been? Checking out this stock, what a weird chart.Glad to see you back in action.
Posted by Smash on :
Oh thanks Dagny, I was on the sidelines for a little while. Yeah kinda strange situation here, huh. No reason for the new 52-week low other than low volume it looks like.